IGC has deteriorated its global grain yield estimate

By: Trademagazin editor Date: 2021. 01. 18. 11:22

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The International Grains Council (IGC) has slightly worsened its global grain harvest expectations for the 2020/21 season, compared to its November forecast, but the volume could still be at record levels.

The latest estimate from the London-based organization is that world grain production will be 2,210 million tonnes by the end of June, 9 million tonnes lower than expected in November. The IGC pointed out that, compared with its November estimate, corn yields are declining more significantly in the United States, Argentina and Brazil, which is only partially offset by higher wheat yields in Australia, Canada and Russia, and higher barley yields in Argentina and Canada. (MTI)